Certain Shares of Orthex Oyj are subject to a Lock-Up Agreement Ending on 25-SEP-2021.
September 24, 2021
Share
Certain Shares of Orthex Oyj are subject to a Lock-Up Agreement Ending on 25-SEP-2021. These Shares will be under lockup for 180 days starting from 29-MAR-2021 to 25-SEP-2021.
Details:
The Company and the Selling Shareholders are expected to commit during the period that will end on 180 days from the Listing, without the prior written consent of the Managers, not to issue, offer, pledge, sell, contract to sell, sell any option rights or contract to purchase, purchase any option or contract to sell, concede any option right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any Shares or any securities they hold or subscribe for in the Offering entitling to Shares or exchangeable for or convertible into or exercisable for Shares, or enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of the Shares, whether any such transactions are to be settled by delivery of the Shares or other securities, in cash or otherwise.
The members of the Board of Directors of the Company and the management team of Orthex are expected to enter into a lock-up agreement with similar terms to that of the Company and the Selling Shareholders that will end on the date that falls 360 days from the Listing
Orthex Oyj is a Finland-based houseware company, that designs, produces and sells household products with a mission to make consumers? everyday life easier. Orthex's products cover multifunctional assortment of storage boxes, kitchen products and products for home and yard. The Company markets and sells its products under three main consumer brands: SmartStore, GastroMax and Orthex. In addition, it sells externally produced kitchen products under the Kokskungen brand. The Company serves various customer types in retail, such as traditional convenience stores, specialty and hardware retailers, online stores, and department stores. Orthex Group has customers in 40 countries and on four continents. It has three factories of its own in Finland and in Sweden.
ORTHEX OYJ 
